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External market condition and tournaments: Theory and evidence

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Author Info
Lin, Ming-Jen

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Abstract

This paper adds in a new assumption, [`]product price', into the tournament model and shows the convexity of pay structure should become stronger when the produce price increases. Empirical results from a Taiwanese textile company are consistent with the implication.

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File URL: http://www.sciencedirect.com/science/article/B6V84-4NVT9PD-3/1/379d8e53d7720f26fa35a13ad161d53a
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Publisher Info
Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 99 (2008)
Issue (Month): 1 (April)
Pages: 75-78
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Handle: RePEc:eee:ecolet:v:99:y:2008:i:1:p:75-78

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Web page: http://www.elsevier.com/locate/ecolet

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This page was last updated on 2009-12-12.

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